Law360, New York (April 12, 2011, 4:07 PM ET) -- The U.S. Commodity Futures Trading Commission voted Tuesday to move forward with a new proposed rule imposing greater margin requirements on swap dealers and major swap participants dealing in uncleared swaps but exempting most nonfinancial end users.
The rule, to be implemented in accordance with the Dodd-Frank Act, would apply to swap dealers and MSPs not regulated by various other so-called prudential regulators, including the Federal Deposit Insurance Corp. and the Federal Reserve, which largely cover banks. Commercial end users of swaps wouldn't be required to...
CFTC Goes Ahead With Swap Dealer Margin Rule
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